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Updated over 2 years ago on . Most recent reply
First STR in Blueridge
Hey guys I am about to close on a home in Blue Ridge, GA and it will be a 2nd home mortgage in my name. I created an LLC to put the house in after closing but I'm a little worried about issues with that. I spoke to my tax guy and he said you can do it without an issue at the title place but still seems a little sketch. Wanted to run the STR thru LLC for liability protection plus obvious tax write offs. Anyone have experience with this?
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
No tax advantages.
LLC not needed for one property with a mortgage.